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Updated about 4 years ago on . Most recent reply

User Stats

50
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24
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Tigran Kalaydzhyan
  • Investor
  • Buenos Aires, Argentina
24
Votes |
50
Posts

Investing in Evansville, IN. Population trends.

Tigran Kalaydzhyan
  • Investor
  • Buenos Aires, Argentina
Posted

I found two nice rental properties in Evansville, IN, south from the University of Evansville. The properties already produce very good cashflow, so I'm inclined to buy them. However, when I look at the stats, I see that the population of the town is slowly shrinking (about 0.5%/year since 1960s). Question to the people familiar with the area: should I be concerned and pass on the opportunities there? Do you see any reason for the trend to change (say, with aging population, hence, with more jobs for the local hospitals) or to accelerate?

Very much appreciate any opinions!

Most Popular Reply

User Stats

335
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469
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Paul Shannon
  • Rental Property Investor
  • Fishers, IN
469
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335
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Paul Shannon
  • Rental Property Investor
  • Fishers, IN
Replied

The link included from the St. Louis Federal Reserve is a good summarization of demographics and population trends in Vanderburgh County/Evansville.  

https://www.stlouisfed.org/pub...

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